Rockland Trust Co. Buys 97 Shares of Ulta Beauty, Inc. (NASDAQ:ULTA)

Rockland Trust Co. increased its stake in Ulta Beauty, Inc. (NASDAQ:ULTA) by 16.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 674 shares of the specialty retailer’s stock after purchasing an additional 97 shares during the quarter. Rockland Trust Co.’s holdings in Ulta Beauty were worth $262,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. UMB Bank n.a. boosted its holdings in shares of Ulta Beauty by 83.3% in the second quarter. UMB Bank n.a. now owns 66 shares of the specialty retailer’s stock worth $25,000 after buying an additional 30 shares during the last quarter. Vima LLC bought a new position in Ulta Beauty in the 4th quarter worth $27,000. Riverview Trust Co purchased a new position in Ulta Beauty during the first quarter valued at $30,000. Sound Income Strategies LLC grew its holdings in Ulta Beauty by 490.0% during the first quarter. Sound Income Strategies LLC now owns 59 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 49 shares during the period. Finally, LRI Investments LLC bought a new position in shares of Ulta Beauty in the first quarter worth about $31,000. Institutional investors own 90.39% of the company’s stock.

Ulta Beauty Price Performance

Shares of NASDAQ:ULTA traded up $9.08 during trading hours on Friday, hitting $381.80. 1,158,971 shares of the company’s stock traded hands, compared to its average volume of 957,154. The firm has a market capitalization of $17.99 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 2.13 and a beta of 1.32. The business has a fifty day moving average price of $368.67 and a 200-day moving average price of $397.94. Ulta Beauty, Inc. has a 1 year low of $318.17 and a 1 year high of $574.76.

Ulta Beauty (NASDAQ:ULTA) last released its earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts’ consensus estimates of $5.47 by ($0.17). The business had revenue of $2.55 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Ulta Beauty had a return on equity of 54.02% and a net margin of 10.68%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.02 EPS. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ULTA has been the topic of a number of recent analyst reports. B. Riley assumed coverage on shares of Ulta Beauty in a research note on Tuesday, September 10th. They set a “sell” rating and a $300.00 target price on the stock. Robert W. Baird decreased their price target on Ulta Beauty from $525.00 to $485.00 and set an “outperform” rating on the stock in a report on Friday, August 23rd. DA Davidson dropped their price objective on Ulta Beauty from $507.00 to $435.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Barclays lifted their target price on Ulta Beauty from $328.00 to $335.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. Finally, UBS Group dropped their price target on Ulta Beauty from $550.00 to $505.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $425.08.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.